Demand for dollar was higher as the banks made hectic buying to meet the payment requirements, money experts said. The rupee may face more erosion versus the greenback in the coming days, they added.
The rupee lost 10 paisa against the euro for buying and selling at Rs 70.10 and Rs 70.20, dealers said.
In the world markets, the dollar maintained its upward trend versus the leading currencies. The dollar retained its firmness on expectations of rise in the US interest rates, they said.
INTERBANK RATES: The rupee almost held its last week's levels for buying and selling at 59.74 and 59.74, dealers said.
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Kerb Buying Rs 60.15
Kerb Selling Rs 60.25
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INTERBANK CLOSING RATES: Interbank closing rates for dollar on Monday.
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Buying Rs 59.74
Selling Rs 59.75
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Repo Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 7.00 8.25 8.75 8.90 8.23
1-Week 7.50 8.25 8.25 8.50 8.13
2-Week 7.75 8.00 8.25 8.40 8.10
1-Month 8.10 8.25 8.30 8.40 8.26
2-Months 8.20 8.30 8.35 8.45 8.33
3-Months 8.25 8.35 8.45 8.50 8.39
4-Months 8.30 8.40 8.40 8.60 8.43
5-Months 8.35 8.45 8.45 8.65 8.48
6-Months 8.35 8.50 8.50 8.70 8.51
9-Months 8.45 8.60 8.55 8.75 8.59
1-Year 8.50 8.60 8.60 8.80 8.63
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Call Rates (Yield p a)
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Tenor Low Bid High Bid Low Offer High Offer Average
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Overnight 8.50 9.00 9.00 9.50 9.00
1-Week 8.00 8.50 9.00 9.25 8.69
2-Week 8.25 9.00 9.25 9.50 9.00
1-Month 8.75 9.00 9.25 9.50 9.13
2-Months 8.75 9.25 9.50 9.80 9.33
3-Months 8.90 9.50 9.25 9.85 9.38
4-Months 8.90 9.50 9.35 9.80 9.39
5-Months 8.95 9.60 9.50 10.00 9.51
6-Months 8.95 9.50 9.40 10.15 9.50
9-Months 8.90 9.75 9.50 10.20 9.59
1-Year 9.25 10.00 9.75 10.50 9.88
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RUPEE IN LAHORE: The rupee showed stability, as dollar-rupee parity remained unchanged at the previous week closing levels in the currency markets here on Monday.
According to the currency dealers, there was no change in the dollar's demand and supply condition, which helped the rupee maintain its worth. The dollar resumed trading at Saturday's closing rates of Rs 60.00 and Rs 60.20 on buying and selling counters, respectively. A fractional fluctuation was seen in the dollar's value during the day's trading, but it finally closed at the opening levels, the dealers said.
On the contrary, the rupee and appreciated its worth against the pound sterling. The British pound was purchased at Rs 102.60 and was sold at Rs 103.00 as compared to Rs 102.70 and Rs 102.80 of Saturday, the dealers said.
RUPEE IN ISLAMABAD AND RAWALPINDI: The rupee remained firm against the dollar at the open currency markets of Islamabad and Rawalpindi on Monday.
The dollar opened at Rs 60.15 (buying) and Rs 60.25 (selling) against same last week's rate. It did not observe any further change in the second spell and closed at Rs 60.15 (buying) and Rs 60.25 (selling).
Pound sterling opened at Rs 103 (buying) and Rs 103.40 (selling) against same previous rate. It did not observe any change in the second session and closed at Rs 103 (buying) and Rs 103.40 (selling).